Cabot Options Institute Quant Trader – Alert (SPY)
SPDR S&P 500 ETF (SPY)
With 23 days left until expiration, I’ve decided to lock in profits on our SPY bear call spread. This marks 29 out of 33 winning trades since we started Quant Trader just under one year ago. Moreover, our total return is now hovering around 150%.
If you wish to hold on to the trade for a greater return, please be aware of the risks.
The Trade
Simultaneously:
Buy to Close SPY June 16, 2023, 430 call strike
Sell to Close SPY June 16, 2023, 435 call strike for a total of $0.35 (As always, the price of the spread will vary, so please adjust accordingly.)